MARYLAND ELECTRICAL INDUSTRY HEALTH FUND

EIN: 526038269

ONA, WV

Total Revenue
$36,912,301
Total Expenses
$28,330,221
Total Assets
$60,829,048
Net Assets
$59,082,392
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
MD
Principal Officer
MICHAEL J MCHALE
Phone
3045250331
Tax Period
2024-01-01 to 2024-12-31

MARYLAND ELECTRICAL INDUSTRY HEALTH FUND, founded in 1961, is a mid-sized nonprofit that reported $36.9M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $8.6M, a strong 23% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $35,755,917
Investment Income $1,156,267
Other Revenue $117
TOTAL REVENUE $36,912,301

Expense Breakdown

Grants Paid $0
Salaries & Benefits $54,284
Fundraising Expenses $0
Other Expenses $2,205,551
TOTAL EXPENSES $28,330,221

Year-over-Year Comparison

2024 2023 Change
Revenue $36,912,301 $32,030,750 +0.2%
Expenses $28,330,221 $27,942,128 +0.0%
Net Income $8,582,080 $4,088,622 +1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
77
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alfred F Aus Jr EMPL.TRUSTEE - EFF. 01/12/2024 4.0
Director
$0 $0 $0
Carmen F Voso UNION TRUSTEE 4.0
Director
$0 $0 $0
Charles S Curreri UNION TRUSTEE 4.0
Director
$0 $0 $0
James H Cornelius EMPLOYER TRUSTEE 4.0
Director
$0 $0 $0
Jeffrey Ashe EMPLOYER TRUSTEE 4.0
Director
$0 $0 $0
Jerome T Miller UNION TRUSTEE 4.0
Director
$0 $0 $0
Michael J McHale UNION TRUSTEE 4.0
Director
$0 $0 $0
Rodney E Rice UNION TRUSTEE 4.0
Director
$0 $0 $0
Ronald N Michael III EMPLOYER TRUSTEE 4.0
Director
$0 $0 $0
William F Yull IV EMPLOYER TRUSTEE 4.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $36,912,301 $28,330,221 $60,829,048 $8,582,080
2023 $31,873,907 $27,762,693 $49,186,345 $4,111,214
2023 $32,030,750 $27,942,128 $49,082,183 $4,088,622
2023 $32,030,750 $27,942,128 $49,082,183 $4,088,622
2022 $33,839,234 $28,336,527 $43,132,397 $5,502,707
2021 $31,689,960 $25,000,934 $40,266,249 $6,689,026
2020 $31,067,130 $29,461,721 $33,096,648 $1,605,409
2019 $31,830,251 $27,109,552 $30,264,529 $4,720,699
2018 $31,917,886 $27,152,458 $24,520,095 $4,765,428
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